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Sandy Bank, Inc., makes one model of wooden canoe. Partial information for folows: Required: 1. Complete the following table Round your Cost per Unith answers
Sandy Bank, Inc., makes one model of wooden canoe. Partial information for folows: Required: 1. Complete the following table Round your "Cost per Unith answers to 2 decimal places.) 450 610 720 Number of Canoes Produced and sold Total costs Variable Costa $ 68.400 Tocal Costs Cost per Unit Variable Gost per unit Fixed Cost par Unt Total Cost per Unit 2. Suppose Sandy Bank sells to cances for $670 each. Calculate the contribution margin per canon and the contribution margin rubia. (Round your intermediate calculations and final answers to 2 decimal places. Round your "percentage" answer to 2 decimal places. (.e. .1234 should be entered as 12.34%) Unit Contribution Margin Contribution Margn Ratio 3. This year Sandy Bank expects to sol 810 canons. Prepare a contribution margin income statement for the company, (Round your intermediate calculations to 2 SANDY BANK, Ine. Contribution Margin income Statement For the Current Yes Contribution Margn Operations 4. Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number). Canoes Break-Even Units Break-Even Sales Revenue 5. Suppose Sandy Bank wants to earn $68,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. (Round Unit Contribution Margin to 2 decimal places. Round your answer to the next whole number.) Target Sales Units Canoes
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